Competition law is a branch of law built on the rules established with an aim to protect competition in the markets for goods and services. Competition law is designed to create a level playing field where both big and small businesses can compete fairly and effectively. Free and fair competition benefits consumers in terms of choice and lower prices.
Competition law affects businesses positively as it establishes a business culture which maintains competition, thus allowing businesses to improve and develop in order to remain a strong competitor in the field.
In summary, the South African Competition Act (“the Competition Act”) seeks “to promote and maintain competition” in South Africa so that, in turn:
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